Has your company done its research into R&D tax relief?
Companies carrying out R&D-related activities and incurring general day-to-day running costs may be able to reduce their corporation tax liability by claiming relief under the R&D tax relief scheme. The scope of qualifying R&D expenditure is surprisingly broad, and the relief offered has become increasingly generous.
A company may still be eligible to claim R&D tax relief even if it has: not started to trade for tax purposes; sub-contracted the R&D to a third party; or abandoned the activity that is the subject of the R&D costs.
There is no exhaustive list of R&D activities. It is necessary to consult the guidelines and seek professional advice to determine whether a particular expense qualifies as R&D expenditure…
If you are registered and logged in to the site, click on the link below to read the rest of the Shoosmiths briefing. If not, please register or sign in with your details below.
News from Shoosmiths
News from The Lawyer
Briefings from Shoosmiths
These tips will help those individuals who are new to the world of business immigration, as well as seasoned experts, as they highlight a few common issues.
Pre Localism Act 2011, all mutual exchanges took place by deed of assignment. Post Localism Act, surrender and re-grant is the mechanism used for mutual exchange.
Analysis from The Lawyer
Compliance and corporate governance codes for large financial institutions will undoubtedly include provisions to regulate high pay in the future
There’s more to the ABS model than attracting the man in the street and procuring external investment. Partners at the big corporate firms, take note…